Jolywood unit plans 86.3 million yuan steel frame deal with related party
Jolywood (Suzhou) Sunwatt Co., Ltd. announced on September 22 that its wholly-owned subsidiary, Jiangsu Jolywood New Materials Technology Co., Ltd., plans to sign a steel frame procurement contract with Changshu Zhongjian Metal Industry Co., Ltd. valued at 86.313 million yuan. The transaction is a related-party deal as Changshu Zhongjian is indirectly controlled by Lin Jianwei, a major shareholder and former vice chairman of Jolywood.
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Jolywood Subsidiary to Sign 86.31 Million Yuan Steel Frame Procurement Contract
On September 22, Jolywood (Suzhou) Sunwatt Co., Ltd. (300393.SZ) announced that its wholly-owned subsidiary, Jiangsu Jolywood New Material Technology Co., Ltd., has selected Changshu Zhongjian Metal Industry Co., Ltd. as the supplier for photovoltaic steel frame procurement through a public competitive negotiation process. Subject to subsequent production scheduling, the subsidiary plans to sign a steel frame procurement contract with Changshu Zhongjian valued at 86.313 million yuan (including tax and freight). The transaction constitutes a related-party transaction because Changshu Zhongjian is indirectly controlled by Lin Jianwei, a shareholder holding more than 5% of Jolywood's shares and the company's former vice chairman and general manager, as defined under the Shenzhen Stock Exchange GEM Listing Rules.
Read sourceJolywood unit to sign 86.3 million yuan steel frame procurement contract
Jolywood (Suzhou) Sunwatt Co., Ltd. announced on September 22 that its wholly-owned subsidiary, Jiangsu Jolywood New Materials Technology Co., Ltd., has selected Changshu Zhongjian Metal Industry Co., Ltd. as the supplier for photovoltaic steel frames through an open competitive negotiation process. According to the company's subsequent production scheduling, Jiangsu Jolywood New Materials plans to sign a steel frame procurement contract with Changshu Zhongjian, with a total contract value of 86.3135 million yuan (including tax and freight). The announcement was reported by financial data provider Jin10.
Read sourceJolywood unit plans to sign 86.3 million yuan steel frame procurement contract
Jolywood (Suzhou) Sunwatt Co., Ltd. announced on September 22 that its wholly-owned subsidiary, Jiangsu Jolywood New Material Technology Co., Ltd., has selected Changshu Zhongjian Metal Industry Co., Ltd. as the supplier for photovoltaic steel frame procurement through a public competitive negotiation process. Subject to subsequent production scheduling, the subsidiary intends to sign a steel frame procurement contract with Changshu Zhongjian valued at 86.313 million yuan (including tax and freight). The transaction constitutes a related-party transaction because Changshu Zhongjian is indirectly controlled by Lin Jianwei, a shareholder holding more than 5% of Jolywood's shares and the company's former vice chairman and general manager, as stipulated by the Shenzhen Stock Exchange's GEM listing rules.
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Zhonglai Shares Subsidiary Plans to Sign 86.31 Million Yuan Steel Frame Procurement Contract
Zhonglai Shares (300393) announced on September 22 that its wholly-owned subsidiary, Jiangsu Zhonglai New Materials Technology Co., Ltd., has selected Changshu Zhongjian Metal Industry Co., Ltd. as the supplier for photovoltaic steel frame procurement through a public competitive negotiation process. According to the company's subsequent production scheduling, Jiangsu Zhonglai New Materials plans to sign a steel frame procurement contract with Changshu Zhongjian, with a contract amount of 86.3135 million yuan (including tax and freight). The announcement was reported by People's Financial News on September 22.
Read sourceJolywood Unit Plans to Sign 86.3 Million Yuan Procurement Contract for Steel Frames
Jolywood (Suzhou) Sunwatt Co., Ltd. (300393.SZ) announced on September 22 that its wholly-owned subsidiary, Jiangsu Jolywood New Materials Technology Co., Ltd., plans to sign a steel frame procurement contract with Changshu Zhongjian Metal Industry Co., Ltd. The contract is valued at 86.313 million yuan (including tax and freight). The subsidiary selected Changshu Zhongjian as the supplier for photovoltaic steel frames through a public competitive negotiation process, based on the company's subsequent production scheduling. Changshu Zhongjian is indirectly controlled by Lin Jianwei, a shareholder holding more than 5% of Jolywood's shares and the company's former vice chairman and general manager. As a result, this transaction constitutes a related-party transaction under the Shenzhen Stock Exchange's GEM listing rules.
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